PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA, CMCSK), one of the world’s leading media, entertainment and communications companies, today announced the results of its Annual Meeting of Shareholders, which was held this morning at the Pennsylvania Convention Center in Philadelphia.
Company Proposals
- Election of Directors: Shareholders elected all nominees to Comcast’s Board of Directors for one-year terms, including new nominee Eduardo G. Mestre, a Vice Chairman of Evercore Partners Inc. Julian A. Brodsky and Michael I. Sovern did not stand for re-election to the Board and each was appointed by the Board as a Director Emeritus, effective as of today’s Annual Meeting, for a one-year term. Comcast’s Board now has 12 directors, nine of which are independent.
- Ratification of the Appointment of Our Independent Auditors: Shareholders ratified the appointment of Deloitte & Touche LLP as independent auditors for the fiscal year ending December 31, 2011.
- Approval of the Comcast-NBCUniversal 2011 Employee Stock Purchase Plan: Shareholders approved this proposal.
- Approval of the Comcast Corporation 2002 Restricted Stock Plan: Shareholders approved this proposal.
- Approval of the Comcast Corporation 2003 Stock Option Plan: Shareholders approved this proposal.
- Advisory Vote on Executive Compensation: Shareholders approved this proposal.
- Advisory Vote on Frequency of Vote on Executive Compensation: Shareholders recommended having an advisory vote on executive compensation every three years.
Shareholder Proposals
- To Provide for Cumulative Voting in the Election of Directors: Shareholders defeated this proposal.
- To Require that the Chairman of the Board not be a Current or Former Executive Officer: Shareholders defeated this proposal.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (www.comcast.com) is one of the world’s leading media, entertainment and communications companies. Comcast is principally involved in the operation of cable systems through Comcast Cable and in the development, production and distribution of entertainment, news, sports and other content for global audiences through NBCUniversal. Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential and business customers. Comcast is the majority owner and manager of NBCUniversal, which owns and operates entertainment and news cable networks, the NBC and Telemundo broadcast networks, local television station groups, television production operations, a major motion picture company and theme parks.